From Business Standard: The National Commodity & Derivatives Exchange (NCDEX) has sought approval from the Forward Market Commission (FMC) for its proposed polymer futures.
The exchange is planning to launch three contracts in polymer including polyprolylene, polyvinylchloride and LLDPE. Having been packed in 25 kg pack the aforermentioned polymers' contract size is 5 metric tonnes and would be traded in Rupee term with a delivery centre at ex-Bhiwandi..... Full Article: Source